The following change is about to become law, the Bill provides:

  1. For the increase in the age limit at which the three-year bring forward rule for non-concessional contributions can be used, from 64 to 66.
  2. The increase in age limit applies from the start of the 2020-21 financial year (from 1 July 2020).


Currently, to be able to access the three-year bring forward rule, a person must have been aged 64 (or younger) at the start of the financial year in which they wish to contribute.

Now the amending legislation has been passed, a person aged 66 or younger at the start of the financial year is able to bring forward up to three-years of non-concessional contributions in a single year.


The normal restrictions that apply to non-concessional contributions remain in place including:

  • The contributor must have a total superannuation balance at the previous 30 June of less than $1.6m (or less than $1.4m if seeking to contribute $300,000)
  • If the contributor was aged 66 on 1 July 2020 and they have since turned 67, they will need to have met the work test if contributing after their 67th birthday
  • The three-year bring forward rule has not been triggered in either of the two previous financial years.


General Advice warning: the information in this article is general in nature, it is not advice specific to your needs. If you want to act upon the information in this article then you should seek advice from a qualified professional. VJC WM accepts no liability to any party for acting from this information unless they have sought advice in a formal engagement with VJC WM for this purpose.